The international operation center of the digital yuan, or e-CNY, has officially begun operations, the People’s Bank of China said on Thursday, marking China’s latest step in providing innovative solutions for cross-border payments. The central bank said that a promotional event in Shanghai was held on Wednesday, where relevant institutions were briefed on the functions…
New energy vehicles are a common sight across Hainan province. [Photo provided to chinadaily.com.cn] Hainan province leads China in new energy vehicle adoption, with an new energy vehicle penetration rate of 66.5 percent as of August, far above the national average, official data show. There are 483,700 NEVs registered in Hainan, making up 21.86 percent…
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[Photo provided to chinadaily.com.cn] Yunnan Baiyao Group Co Ltd, a household name in China’s pharmaceutical sector, has, over the last five years, pursued diversification, innovation and financial stability, positioning itself among the most competitive players in the industry. Now, the company looks to continue to expand its presence in traditional Chinese medicine and the wider…
BEIJING – China on Thursday called on the United States to take positive actions, cancel relevant unreasonable tariffs, and create conditions for expanding bilateral trade. He Yadong, a spokesperson for the Ministry of Commerce, made the remarks at a press briefing in response to questions regarding potential Chinese purchases of US soybeans and Boeing aircraft.…
The 2025 China Inclusive Finance International Forum kicked off in Beijing on Sept 24. Peter Knaack, associate at the Swiss think tank Council on Economic Policies, said Chinese banks, especially digital providers, are really at the forefront of innovation. This is what brings him to China in the first place. Tanks to chinadaily.com.cn Please visit:…
An electric vertical take-off and landing aircraft on display at the Fourth Global Digital Trade Expo in Hangzhou, Zhejiang province. LIN YUNLONG/FOR CHINA DAILY China’s digital trade sector made great strides last year, and the country has become one of the most dynamic economies in digital trade around the world, which has injected new momentum…
China has decided to add three US entities to its export control list to safeguard national security and interests, and fulfill international obligations such as non-proliferation, the Ministry of Commerce said in a statement on Thursday. The three entities are Huntington Ingalls Industries, Inc, Planate Management Group, and Global Dimensions LLC. In accordance with relevant…
Starbucks’ first store in Dunhuang, Gansu province, is transformed into a themed location. [Photo provided to chinadaily.com.cn] Starbucks, in collaboration with the Dunhuang Art Institute,… Read More »Coffee conglomerate gets Dunhuang heritage buzzing
China Huaneng Group, the operator of the world’s largest coal-fired carbon capture project, announced on Thursday that the facility has successfully completed a 72-hour trial run, and is now officially operational. Located at the Huaneng Gansu Zhengning power plant, the project, for which the technology and equipment are entirely domestically produced, is designed to capture…